Powell Industries (NASDAQ:POWL) Shares Up 4.4%

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) shares rose 4.4% during mid-day trading on Monday . The stock traded as high as $138.09 and last traded at $136.13. Approximately 61,754 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 318,343 shares. The stock had previously closed at $130.34.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Powell Industries from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 1st.

Powell Industries Price Performance

The company has a market capitalization of $1.63 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.23 and a beta of 0.80. The stock's 50 day simple moving average is $148.48 and its 200-day simple moving average is $109.19.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.98. The company had revenue of $194.00 million for the quarter, compared to analyst estimates of $182.04 million. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. The business's revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. On average, equities analysts predict that Powell Industries, Inc. will post 7.54 earnings per share for the current year.

Powell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.262 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.05 dividend on an annualized basis and a yield of 0.77%. Powell Industries's dividend payout ratio (DPR) is presently 16.64%.

Insiders Place Their Bets

In other Powell Industries news, Director Christopher E. Cragg sold 9,000 shares of the business's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $155.13, for a total transaction of $1,396,170.00. Following the sale, the director now directly owns 12,360 shares in the company, valued at $1,917,406.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Christopher E. Cragg sold 9,000 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $155.13, for a total transaction of $1,396,170.00. Following the sale, the director now directly owns 12,360 shares in the company, valued at $1,917,406.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thomas W. Powell sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total transaction of $871,900.00. Following the sale, the insider now owns 1,688,628 shares in the company, valued at $294,462,950.64. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock worth $4,850,830 over the last three months. Company insiders own 2.20% of the company's stock.

Institutional Trading of Powell Industries

Large investors have recently made changes to their positions in the company. AJOVista LLC acquired a new position in Powell Industries in the fourth quarter valued at approximately $29,000. Covestor Ltd boosted its holdings in Powell Industries by 121.1% in the third quarter. Covestor Ltd now owns 796 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 436 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Powell Industries in the third quarter valued at approximately $137,000. Invst LLC acquired a new position in Powell Industries in the fourth quarter valued at approximately $161,000. Finally, Private Trust Co. NA acquired a new position in Powell Industries in the fourth quarter valued at approximately $192,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.